Yen sinks to fresh 24-year low vs US dollar LONDON/NEW YORK: The Japanese yen plunged against the US dollar on Tuesday to its lowest level since October 1998, ... Published 22 Jun, 2022 05:58am
Markets Central banks walk inflation-recession tightrope PARIS: Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the... Published 19 Jun, 2022 10:28am
Markets Gold firms with focus on US inflation data, cenbank cues LONDON: Gold inched up on Monday, led by a slight pullback in the dollar, with investors watching out for US... Published 07 Jun, 2022 05:47am
Markets China stocks fall despite end of Shanghai lockdown SHANGHAI: China stocks edged lower on Wednesday, as excitement fades about Shanghai coming out of lockdown amid... Published 02 Jun, 2022 06:19am
Markets Gold, palladium retreat from highs as risky assets stabilize LONDON: Gold and palladium on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback,... Published 10 Mar, 2022 06:30am
Markets Oil resumes rally as Russia-Ukraine tensions stay high NEW YORK: Oil prices rallied more than 2% on Wednesday, resuming its upward path as investors weighed conflicting... Published 17 Feb, 2022 06:37am
Markets European shares edge lower PARIS: European shares ended slightly lower on Thursday as rising bond yields and weak results from France’s Atos... Published 11 Feb, 2022 04:31am
Markets Gold slips as yields edge up, Fed rate hikes loom Gold prices retreated on Thursday, as U.S. Treasury yields drifted higher with the Federal Reserve likely to stay on... Published 13 Jan, 2022 10:56pm
Markets LNG, coal lead 2021 commodities rally as markets eye COVID-19 for next move SINGAPORE: Commodity prices from energy and metals to agricultural products rebounded sharply in 2021, with power... Published 31 Dec, 2021 10:14am
Markets Asia stocks, crude oil retreat as Omicron worries weigh TOKYO: Asian stocks weakened with crude oil in holiday-thinned trading on Monday, as uncertainty over the economic... Updated 27 Dec, 2021 12:34pm
Markets US MIDDAY: Gold steadies NEW YORK: Gold prices traded in a tight range on Tuesday as investors’ attention turned to US inflation data due... Published 08 Dec, 2021 06:22am
Markets Gold rides Fed wave to weekly gain NEW YORK: Gold prices gained on Friday as they shrugged off stronger-than-expected monthly jobs data, and the... Published 06 Nov, 2021 03:57am
Markets Gold edges up after Friday's drop, investors await Fed meeting Gold edged higher on Monday as some investors bought the metal following a steep price drop in the previous session,... Published 01 Nov, 2021 11:19am
Markets Oil gains as traders await stocks data, Iran talks TOKYO: Oil prices edged higher on Tuesday after trading down earlier, looking set to sustain a rally driven by ... Published 26 Oct, 2021 11:01am
Business & Finance Aussie slips, yen gains as risk sentiment sours NEW YORK: Risk sensitive currencies including the Australian dollar slipped on Thursday and the safe-haven Japanese... Published 22 Oct, 2021 04:13am
Markets Gold firms NEW YORK: Gold prices edged higher in a tight range on Monday, as a risk-off sentiment in equity markets buoyed the... Published 19 Oct, 2021 03:52am
Markets US MIDDAY: Gold slips as dollar rally eclipses stagflation worries NEW YORK: Gold prices edged lower on Monday, weighed by a rallying dollar on bets the US Federal Reserve would not... Published 12 Oct, 2021 04:44am
Markets Oil settles near 3-year high ahead of OPEC+ meeting Oil settled above $78 a barrel on Friday, just shy of a three-year high reached earlier this week, on expectations... Updated 02 Oct, 2021 01:34am
Markets Oil prices slide as US storm threat wanes NEW YORK: Oil prices edged lower on Thursday, falling from a multi-week high a day earlier on profit taking and as... Published 17 Sep, 2021 03:52am
Markets Oil rises to six-week high as US supply concerns NEW YORK: Oil prices rose to six-week highs on Monday as US output remains slow to return two weeks after Hurricane... Published 14 Sep, 2021 03:55am
Markets Oil rallies to $73 on tight U.S. supplies, Biden-Xi call NEW YORK: Oil rose to briefly top $73 a barrel on Friday, supported by growing signs of supply tightness in the... Published 10 Sep, 2021 10:50pm
Markets Oil dips on China plan to tap reserves, small U.S. crude draw NEW YORK: Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic... Updated 09 Sep, 2021 10:45pm
Business & Finance Dollar recovery loses steam NEW YORK: The dollar took a breather on Thursday morning, waiting for new direction from Friday's US jobs report... Published 06 Aug, 2021 04:18am
Markets Oil falls on US crude stock build, Delta variant spread NEW YORK: Oil prices fell for a third day in a row to a two-week low on Wednesday on a surprise build in US crude... Published 05 Aug, 2021 04:34am
Markets Gold sidelined as investors cautiously await US jobs data NEW YORK: Gold prices edged lower on Tuesday, as traders stayed on the sidelines in advance of US jobs data due ... Published 04 Aug, 2021 04:14am
Markets Dollar eases slightly with Fed in focus IMF maintains its 6% global growth forecast US consumer confidence hovered at a 17-month high in July Updated 27 Jul, 2021 08:18pm
Markets Oil steadies in undersupplied market but Covid cases weigh NEW YORK: Oil prices steadied on Monday after a choppy session as the spread of the COVID-19 Delta variant stoked... Published 27 Jul, 2021 04:40am
Markets Gold prices up in Asia SINGAPORE: Gold prices firmed in Asian trade on Wednesday after getting a lift from weaker US Treasury yields and... Published 15 Jul, 2021 04:03am
Markets US MIDDAY: Gold jumps NEW YORK: Gold jumped on Wednesday after US Federal Reserve Chair Jerome Powell reassured investors that the central... Published 15 Jul, 2021 04:03am
Markets Gold edges higher on subdued dollar ahead of Powell's testimony Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.3% on Monday. Published 22 Jun, 2021 10:45am